Every home sale involves fixed costs. Buyers and sellers customarily split these costs, as the sales contract specifies.
As you'll see below, many of the closing costs result from getting your mortgage. Since Bob Rutledge Mortgage is highly experienced with closings and mortgages, we can help you understand your closing costs.
Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often change a little bit between the LE and closing. We review LEs with buyers every day, so we'd be glad to answer any questions you have about closing costs.
We've provided a general list of these costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you have completed your loan application. At Bob Rutledge Mortgage, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Points — lower your mortgage interest rate (optional) Appraisal Fee Pulling Your Credit Report Interest Payment Escrow Account TaxesLoan-related costs
Recording Fees & Transfer Taxes Insurance
Title Insurance Flood / Earthquake Insurance Private Mortgage Insurance (PMI)
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.